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CoinTable - Ampleforth (AMPL)

Ampleforth
AMPL

?

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%
Change 24h
Market Cap
?
Volume 24h
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Circulating Supply
314,755,000
Total Supply
395,345,000
AMPL

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Description
Ampleforth is a digital-asset-protocol for smart commodity-money. The smart commodity money with a unique elastic supply protocol. AMPL supply expands and contracts in response to it’s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder’s wallet pro-rata. Ampleforth is the only asset in the world with this elastic supply property, and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.